Category Archives: Crap-italism
SOCIALISM FOR THE RICH WORKING LIKE A CHARM…
…and the capitalism for the rest of us is going just as you’d expect, and just as planned, i.e., horribly. From a Zero Hedge story masterfully headlined “Mission Accomplished: Stocks & Homeless Kids Hit All-Time Highs”: “Something is dreadfully wrong … Continue reading
Posted in Asset Bubble, Crap-italism, Debt Slavery, Everything Is Rigged, Federal Reserve, Feudalism, Financial Terrorism, homeless, Redistribution, Reverse socialism, self-issued currency, stock market
Tagged all-time highs, bond market, fiat currency, homeless, Ladysmith Black Mambazo, Paul Simon, self-issued currency, stock market
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FANNIE “MBS”= MORE BULLS@!#: MORGENSON MISTAKEN?
In an article from last week about Fannie Mae pursuing deficiency judgments in Florida, Gretchen Morgenson essentially defends Fannie Mae, saying this (“Borrowers, Beware: The Robo-Signers Aren’t Finished Yet,” New York Times, Nov. 15 2014): “Fannie Mae is certainly justified … Continue reading
Posted in Crap-italism, Endorsement, Everything Is Rigged, Fannie Mae, Foreclosure, Foreclosure fraud, MERS, Paper terrorism, Secondary debt market, Securitization Fail, Uncategorized
Tagged bailout, conservatorship, Fannie Mae, FHFA, Gretchen Morgenson, James Lockhart, MBS, New York Times
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STRIKE! WALMART OVERDUE FOR A COMEUPPANCE
I posted the above meme on Facebook, which elicited the following response from a dear and longtime friend (in the physical world) of mine: Dumb bullshit. Walmart workers are responsible for themselves. It is their own decisions that put them … Continue reading
Posted in California, Crap-italism, Debt, Debt Slavery, Everything Is Rigged, Financialization, freedom, minimum wage, Price-fixing, Redistribution, Wage slavery, Wages
Tagged Container Store, CVS, education, Facebook, food assistance, food pantry, Gerald Celente, military, mom and pop, pilots, poverty, skill, strike, student debt, student loans, wages, Walgeens, working poor
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THAT AIN’T RAIN, IT’S PISS: THE SHIBBOLETH OF CAPITALISM
An old saw about deceit and chicanery: “Don’t piss on my boots and tell me it’s raining.” The phrase has even made it into at least one song (with the great John Prine singing a verse)… In other words, don’t … Continue reading
FAST FOOD SCREWUPS DON’T DESERVE DECENT WAGES, BUT CEO SCREWUPS DO?
The guy in the above video is exactly right and his logic is flawless. Indeed, he’s got a point–people that make tons of money never make mistakes or get lazy. Highly-paid surgeons would never, for example, amputate the wrong limb … Continue reading
Posted in class war, Crap-italism, Everything Is Rigged, Uncategorized, Wages
Tagged amputation, BP, Carl's Jr., CEO, Deepwater Horizon, doctor, fast food, Gulf of Mexico, minimum wage, Tony Hayward
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THE ABSURDITY OF DEBT AND OF NOT CANCELLING IT
Salon has been on fire with truth lately, this article on student debt being no exception. From the article, we find out the following very interesting nugget: The total national student loan debt is more than $1.2 trillion, the bulk … Continue reading
Posted in Crap-italism, Debt, Debt Slavery, Everything Is Rigged, Federal Reserve, Feudalism, Financial Terrorism, Redistribution, Rentier, Reverse socialism, Wealth transfer
Tagged Consumer Financial Protection Bureau, economy, Forbes, indentured servitude, involuntary servitude, money out of thin air, salon, student debt, The Capitalist Tool, U.S. National Debt Clock
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THE END OF CHEAP LABOR AND CHEAP CREDIT—WHAT NEXT?
So I agree with the overall premise of this David Stockman article: cheap labor in the East allowed cheap credit to proliferate in the West: “It was the two-decades-long flow of quasi-slave labor into the export factories of east China … Continue reading
Posted in Crap-italism, Debt Slavery, Everything Is Rigged, Feudalism, fiat currency, Financialization, freedom, Rent-seeking, Rentier, self-issued currency, Wage slavery, Wealth transfer
Tagged China, credit, David Icke, David Stockman, DNA, economy, FoxConn, labor force participation rate, self-issued currency cheap labor, strike, The Air Standard
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BANKS PUT ALL RISK ON US, THEN TAKE ALL THE REWARD AND PRETEND THAT IS CAPITALISM
We all know that all fiat money, such as the U.S. dollar, is created out of thin air not by banks but by the people and only has value because said people ultimately have “faith” in it. This is uncontroversial … Continue reading
Posted in Conspiracy, Crap-italism, Debt Slavery, Everything Is Rigged, Federal Reserve, fiat currency, Financial Terrorism, Financialization, Redistribution, Reverse socialism, self-issued currency, Too big to fail, Wealth transfer
Tagged bailout, Bank of England, fiat currency, fiat money, Kevin Evans, lender, money is fictional, money out of thin air, Northern Rock, ProPublica, reward, risk, self-issued currency, The Air Standard, The Telegraph, U.S. dollar
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JUDGES: DUPES OR IN ON IT?– PART 2
You may remember the LRM story from March of this year which asked the question—in the context of mortgage foreclosures—“Judges: Dupes or in on it?” From that article: “Judges have to know what’s going on. They read the news. They’re … Continue reading
Posted in Conspiracy, Crap-italism, Everything Is Rigged, Financial Terrorism, Keiser Report, Price-fixing, Rent-seeking
Tagged Adam Smith, Attorney General Richard Olney, collusion, conspiracy, crony capitalism, dupes, fascism, George Pullman, Goldman Sachs, Henry Bath, invisible hand, JP Morgan Chase, Judge Katherine Forrest, judges, Keiser Report, Max Keiser, price discovery, price-fixing, Pullman Strike, Stacy Herbert
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LIBERTY ROAD MEDIA 